Majority of Czechs consider old-age pensions to be grossly inadequate

Eighty-six percent of Czechs think that old-age pensions in the Czech Republic are totally inadequate and fail to cover a person’s basic needs, according to the results of a survey conducted by the STEM polling agency. Criticism regarding the size of pensions has gradually been mounting and the outcome of the latest poll is the highest figure since monitoring of people’s perception of pension’s started in 1998. Last year 80 percent of respondents said they considered old-age pensions to be grossly inadequate. The average old-age pension in the Czech Republic is 11, 276 crowns a month. As of next year pensions should be raised by an average 200 crowns.